MMC Norilsk Nickel : ISS RECOMMENDS MMC NORILSK NICKEL SHAREHOLDERS TO VOTE
FOR GARRETH PENNY, ENOS BANDA AND GERHARDUS PRINSLOO
Moscow, February 21, 2013 - OJSC MMC Norilsk Nickel (hereinafter - MMC Norilsk
Nickel or the Company) announces today that ISS Proxy Advisory Services (ISS)
released its analysis and voting recommendations for the Extraordinary General
Meeting (EGM) of MMC Norilsk Nickel shareholders to take place on March 11,
2013.
ISS recommends shareholders of MMC Norilsk Nickel to approve early termination
of powers of Board of Directors of the Company and to support the election of
independent non-executive directors Garreth Penny, Enos Ned Banda and Gerhard
Prinsloo.
ISS analysts point out that of all the independent nominees, the
aforementioned gentlemen are most capable of making impartial decisions that
contribute to the benefits of all shareholders of the Company.
Garreth Penny is a new nominee to the Company's Board. He is the Executive
Chairman of New World Resources plc, one of Europe's leading hard coal and
coke producers Mr. Penny is aslo the former CEO of De Beers Group and has
strong mining experience and expertise.
Enos Banda is an incumbent independent board member and the Chairman of the
Audit Committee. He is former Head of Global Investment and Corporate Banking
Department for sub-Saharan Africa at HSBC and has considerable experience in
finance, as well as an understanding of International and Comparative law
being a Doctor of Jurisprudence. Currently Mr. Banda serves as CEO of Freetel
Capital.
Gerhardus Prinsloo is one of the incumbent independent board members. Mr.
Prinsloo is the majority owner and director of Natural Resource Partnership, a
company specialising in providing strategic and technical solutions to natural
resource companies.
The management of the Company welcomes the opinion of ISS analysts.
All the materials for the AGM can be downloaded under the following link:
http://www.nornik.ru/en/investor/shareholder/meeting/11march2013
For further information, please, contact:
Media Relations: Investor Relations:
Phone: +7 (495) 797 82 94 Phone: +7 (495) 786 83 20
Email: uosmail@nornik.ru Email: ir@nornik.ru
ABOUT MMC NORILSK NICKEL:
MMC Norilsk Nickel, a company incorporated under the laws of the Russian
Federation, is the largest diversified mining and metals company in Russia,
the world's largest producer of nickel and palladium and one of the world's
largest producers of platinum, rhodium, copper and cobalt. In addition to
this, MMC Norilsk Nickel produces a large number of other by-products,
including gold, silver, tellurium, selenium, iridium and ruthenium.
The key production units of the Company's group in Russia are at the Polar and
Kola Peninsulas. MMC Norilsk Nickel international assets include operations in
Finland, Australia, Botswana and South Africa.
MMC Norilsk Nickel's shares are traded on the Moscow Exchange. ADR's on the
Company's shares are traded on the other the counter market in the US and on
the London and Berlin stock exchanges.
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Source: MMC Norilsk Nickel via Thomson Reuters ONE
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